Lei Xiaoxue and Wang Jinxiu signed an agreement to acquire 15.5% stake in Beijing JIAYU Door, Window and Curtain Wall Joint-Stock Co., Ltd. (SZSE:300117) from Li Lan for approximately CNY 390 million on November 29, 2019. As of February 7, 2020, the consideration was approximately CNY 320 million. Lei Xiaoxue and Wang Jinxiu will acquire 55.6 million shares respectively at an offer per share of CNY 3.5. As of February 7, 2020, the offer price was changed to CNY 2.916 per share. Li Lan will sell 111.2 million shares. The share transfer still requires all parties to perform their corresponding obligations in strict accordance with the agreement. The compliance confirmation should be performed by the Shenzhen Stock Exchange and the limited liability should be registered in the China Securities Depository and Clearing Corporation. As of May 19, 2020, Lei Xiaoxue completed the acquisition of Beijing JIAYU Door, Window and Curtain Wall Joint-Stock Co., Ltd. Lei Xiaoxue and Wang Jinxiu completed the acquisition of 15.5% stake in Beijing JIAYU Door, Window and Curtain Wall Joint-Stock Co., Ltd. (SZSE:300117) from Li Lan on May 21, 2020.